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FST Biometrics to continue growth with $15m investment

May 13, 2015Amy Canfield

RISHON LEZION, Israel—FST Biometrics will use a recent $15 million infusion from GMF Capital to continue to expand in the United States and into other new enterprise markets, according to CMO Arie Melamed.FST soon will announce new users of its biometrics' In Motion Identification (IMID) access solution, a fusion of facial recognition and behavioral analytics that provides a high level of accuracy, Melamed told Security Systems News. New users will include, for example, club and sports venues...

Arie Melamed, FST21 Biometrics, GMF Capital